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The San Francisco neighborhood in Panama City, Panama borders on Obarrio, Panama’s banking district. San Francisco has shaded streets with stately homes as well as high rises with views of the Pacific Ocean and Panama’s mountainous interior. San Francisco has an urban park about two thirds the size of New York’s Central Park. For those who would like to live in an established well to do neighborhood in Panama, San Francisco is hard to beat.

Panama and Real Estate Investment

Panama is the narrowest point in the Americas where the Panama Canal connects Atlantic and Pacific. This tropical country has untouched rain forest and pristine beaches on both the Pacific and Caribbean coasts. Panama also has a first world infrastructure with the best roads, airports, ports, and telecommunications in Latin America. Panama is currently enjoying an economic boom and a flood of North American retirees attracted by easy residency laws.

Panama has the highest rate of foreign investment per capita of any Latin American country and is investing heavily in its infrastructure. This degree of investment in real estate and otherwise, high levels of employment and a free market economy in a democratic country provide ideal circumstances for investment in Panama commercial real estate.

The Panama real estate market is steadily appreciating. With Panama’s easy residency requirements and the ability of foreigners to own property here North Americans have made Panama their premier choice for retirement. Panama City’s skyline is filling with high-rises and Panama real estate investment is prospering as North Americans flee the cold for a condo in a warm country with a first world infrastructure.

San Francisco, Panama

San Francisco boasts Parque Omar, named after strongman, general, and Panama president Omar Torrijos. This urban park has walkways, play areas for soccer, and tennis courts as well as the national library with English as well as Spanish literature.

San Francisco Real Estate Investment

A just posted listing in San Francisco offers a four bedroom, three bathroom house with a pool and two parking spaces and 397 square meters of living space on a 1,012 square meter lot for $325,000. A two level five bedroom house with 185 square meters of living space on a 486 square meter lot near Parque Omar is being offered for $450,000.

A two level 673 square meter living space house with five bedrooms and five bathrooms is being offered for $1,250,000.

San Francisco rentals include a 209 square meter home for $1,500 a month.

Panama real estate investment has done well for the last decade or more. Although the high end of the real estate investment market has leveled off due to North American credit concerns Panama’s economy is strong and Panama’s middle class is becoming progressively more prosperous. Investment in Panama real estate at all levels will pay handsome returns for years to come. This applies both to residential real estate investment as well as commercial real estate investment in Panama.

Real estate prices in San Francisco are supported by the fact that much of Panama’s elite lives in San Francisco. These folks are not going to go home to hand credit issues. They are already home, working in Obarrio, walking the dog in Parque Omar, and eating the many find restaurants within walking distance of their homes.

If you are interested in real estate investment in San Francisco, Panama come to see us at ABPanama. We do business throughout Panama and have over 23 years experience managing real estate portfolios.